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Financial insights for non-financial directors

Overview

This session is designed to assist directors that do not have a financial background to a well-grounded understanding of the financial concepts that underpin the preparation and presentation of financial statements. The session specifically focuses on analyzing and interpreting the financial information presented to directors, and the financial statements in particular, in order to assess the company’s financial position, performance and cash flow.
This session is not designed for delegates with in-depth financial qualifications or experience.King Code of Governance principles (King III)

Principle: 9.2: Sustainability reporting and disclosure should be integrated with the Company's financial reporting

Key focus area

Your responsibility as a director with regard to the financial statements.

The conceptual framework -

Objectives

Assumptions

Characteristics

Elements of financial statements.

Understanding the various components of financial statements, namely the income statement, balance sheet, cash flow statement accounting policy and other notes.

The requirements of certain accounting standards that directors should be aware of.

Ratio analysis -

who to relate the various components of the financial statements with each other.